Cryptocurrency Analysis and News Portal
Avalanche (AVAX) recovery extended into its third week, primarily in the wake of similar upside retracement across the top crypto assets.On Thursday, AVAX's price rallied by nearly 16% to reach $96.50, its best level since Jan. 14, 2022. The massive intraday move came as a part of a recovery that
Read More
Data center businesses, including legal mines, have to pay around three times the residential price for electricity, Sergey Arestov, a co-founder of BitCluster, told CoinDesk. If you are engaged in industry, you must pay for electricity accordingly, he said. Original Source
Read More
Bitcoin miner Greenidge Generation said fourth-quarter preliminary revenue rose 23% from the third quarter even as the number of bitcoins produced fell 16%.Greenidge said in a statement that fourth-quarter revenue rose to about $44 million compared with the third quarter’s $35.8 million.The Dresden, New York-based miner also said its hashrate
Read More
"We see a short-term setup forming for a bounce, especially on a close back above $40K BTC and $3K ETH" in February, QCP Capital, a crypto trading firm, wrote in a Monday report. The firm also expects market expectations for a U.S. Federal Reserve rate hike to moderate over the
Read More
Traditional and digital asset markets alike have been rattled in recent weeks with steep downturns. But for Next Earth, this is a time of fast-paced growth. Next Earth’s NXTT token’s presale commenced on January 22 on Next Earth’s proprietary Launchpad platform, which provided a ticket-based system that the Next Earth community
Read More
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies
Read More
Bitcoin (BTC) buyers remain active, pushing the cryptocurrency over $37,000, which is near the top of week-long price range. Still, upside could be limited around the $40,000-$43,000 resistance zone over the short term.BTC was trading at $37,500 at press time and is up 3% over the past 24 hours.The relative
Read More
Bitcoin (BTC) rose above $36,000 on Tuesday but was still down about 0.38% over the past 24 hours, compared with a 0.76% fall in ETH. Considering the rebound earlier today, it appears that buyers are starting to return, but some analysts expect choppy price action ahead of the U.S. Federal
Read More
On Thursday, Russia's central bank suggested that lawmakers need to implement regulations to effectively ban domestic crypto-related activities. The bank made it clear, however, that is not suggesting banning ownership of crypto by private citizens. Instead, the proposal targets Russian institutional investors, financial infrastructure providers and other organizations that could
Read More
Bitcoin (BTC) buyers held support around $40,000 as oversold signals appeared on the charts.The recent bounce suggests the cryptocurrency is starting to recover after a near-30% decline from its all-time high around $69,000 in November.The relative strength index (RSI) on the four-hour chart is approaching overbought levels, similar to what
Read More